Tanalys

GOLD (Spot) intraday: bullish bias above 1411

GOLD (Spot) intraday: bullish bias above 1411

Pivot: 1411.00

Our preference: LONG positions above 1411 with targets @ 1440 1462.

Alternative scenario: The downside penetration of 1411 will call for a slide towards 1395 1384.

Comment: the price and the RSI are supported by rising trend lines.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1488** Intraday resistance

1462** Intraday resistance

1440** Intraday resistance

1426.5 Last

1411** Intraday pivot point

1395** Intraday support

1384*** Intraday support

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